LEASES (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Assets and Liabilities, Lessee

Leased assets and liabilities included within the Condensed Consolidated Balance Sheets consist of the following (in thousands):

	Classification	March 31, 2023		December 31, 2022
Right-of-Use Assets
Operating	Other assets	$	21,747	$	23,003
Liabilities
Current
Operating	Other accrued liabilities	$	5,994	$	6,120
Noncurrent
Operating	Other non-current liabilities	15,753		16,883
Total lease liabilities		$	21,747	$	23,003

Lease, Cost

Lease costs included in the Condensed Consolidated Statements of Operations consist of the following (in thousands):

	Classification	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
Operating lease cost	Cost of sales, selling expenses and general and administrative expense	$	1,871	$	1,109
Finance lease cost
Amortization of ROU leased assets	Depreciation and amortization within Cost of sales	—		36
Interest on lease liabilities	Interest expense	—		1
Net lease cost		$	1,871	$	1,146

Remaining lease term and discount rates are as follows:

	March 31, 2023		December 31, 2022
Weighted average remaining lease term (years)
Operating leases	4.1		4.3
Weighted average discount rate
Operating leases	4.91	%	4.92	%

Lease costs included in the Condensed Consolidated Statements of Cash Flows are as follows (in thousands):

	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,895	$	1,120
Operating cash flows from finance leases	$	—	$	1
Financing cash flows from finance leases	$	—	$	59

Operating Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of March 31, 2023 is as follows (in thousands):

	Operating Leases		Finance Leases		Total
2023 (remainder)	$	5,301	$	—	$	5,301
2024	6,083		—		6,083
2025	5,019		—		5,019
2026	4,463		—		4,463
2027	2,364		—		2,364
Thereafter	794		—		794
Total lease payments	$	24,024	$	—	$	24,024
Less: interest	2,277		—
Present value of lease payments	$	21,747	$	—

Finance Lease, Liability, Maturity

Maturity of the Company’s lease liabilities as of March 31, 2023 is as follows (in thousands):

	Operating Leases		Finance Leases		Total
2023 (remainder)	$	5,301	$	—	$	5,301
2024	6,083		—		6,083
2025	5,019		—		5,019
2026	4,463		—		4,463
2027	2,364		—		2,364
Thereafter	794		—		794
Total lease payments	$	24,024	$	—	$	24,024
Less: interest	2,277		—
Present value of lease payments	$	21,747	$	—